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Hyundai Motor, Kia Motors flag slow sales recovery in 2018

SEOUL (Reuters) - South Korea's Hyundai Motor and Kia Motors on Tuesday flagged 4 percent sales growth in 2018, suggesting a slow recovery from a slump linked to their lack of SUVs in the United States and diplomatic tensions with China.

companyNews reuters.com

UPDATE 3-Hyundai Motor, Kia Motors flag slow sales recovery in 2018

* Hyundai, Kia target 2018 sale of 7.55 mln vehicles globally

businessNews reuters.com

Hyundai, Kia 2017 global sales at 7.25 million vehicles, miss target

SEOUL (Reuters) - Hyundai Motor and affiliate Kia Motors said on Tuesday they sold 7.25 million vehicles in 2017, lagging far behind their target of 8.25 million vehicles.

companyNews reuters.com

Hyundai, Kia 2017 global sales at 7.25 mln vehicles, miss target

SEOUL, Jan 2 (Reuters) - Hyundai Motor and affiliate Kia Motors said on Tuesday they sold 7.25 million vehicles in 2017, lagging far behind their target of 8.25 million vehicles.

businessNews reuters.com

Hyundai Motor, Kia Motors flag slow sales growth in 2018

SEOUL (Reuters) - South Korea's Hyundai Motor and Kia Motors on Tuesday flagged only modest sales growth in 2018, suggesting a slow recovery from a slump linked to their lack of SUVs in the United States and diplomatic tensions with China.

companyNews reuters.com

UPDATE 2-Hyundai Motor, Kia Motors flag slow sales growth in 2018

* Hyundai, Kia target 2018 sale of 7.55 mln vehicles globally

businessNews reuters.com

Hyundai Motor, Kia Motors flag modest sales growth in 2018

SEOUL (Reuters) - South Korea's Hyundai Motor and affiliate Kia Motors set a 2018 total sales target of 7.55 million vehicles, a likely modest improvement on the previous year.

companyNews reuters.com

BRIEF-Kia Motors America Says November Sales Of 44,302 Vehicles Vs 52,504 Vehicles

* KIA MOTORS AMERICA SAYS NOVEMBER SALES OF 44,302 VEHICLES VERSUS 52,504 VEHICLES Source text : (http://bit.ly/2BpQBsQ) Further company coverage:

businessNews reuters.com

Kia Motors hires ex-BMW designer as style head

SEOUL (Reuters) - Kia Motors Corp has hired as its head of styling Pierre Leclercq, a former designer at BMW and Great Wall Motor , in a move expected to help the South Korean automaker reverse its fortunes in its top market China.

businessNews reuters.com

Blow to South Korean carmakers as workers win partial victory over Kia

SEOUL (Reuters) - A South Korean court gave workers a partial victory on Thursday in a closely watched pay dispute with Kia Motors, ordering the automaker to pay about 420 billion won ($373.33 million) in unpaid wages.

companyNews reuters.com

BRIEF-Kia Motors America June sales 56,143 units

* Reported June sales of 56,143 units versus 62,572 units Source text: (http://bit.ly/2uisARt) Further company coverage:

businessNews reuters.com

South Korea orders Hyundai, Kia to recall vehicles after whistleblower report

SEOUL (Reuters) - Hyundai Motor Co and affiliate Kia Motors Corp said on Friday they will recall 240,000 vehicles in South Korea after the government issued a compulsory recall order over safety defects first flagged by a whistleblower.

businessNews reuters.com

Hyundai, Kia plan major car recall in U.S. and S.Korea over engine issue

SEOUL (Reuters) - Hyundai Motor Co and Kia Motors Corp are expected to recall more than a million vehicles in South Korea and the United States due to engine issues, the latest blow for two firms already struggling in key markets.

businessNews reuters.com

South Korean automakers cut China production amid missile row: sources

SEOUL (Reuters) - South Korea's Hyundai Motor Co and Kia Motors Corp have sharply cut vehicle production in China, sources said, as anti-Korean sentiment and competition from Chinese brands play havoc on sales and threaten earnings.

companyNews reuters.com

BRIEF-Kia Motors America says Jan sales of 35,626 units, down 6.9 pct

* January sales of 35,626 units versus 38,305 units Source (http://bit.ly/2jVK1C2) Further company coverage:

businessNews reuters.com

South Korea's Kia Motors drafts Trump contingency plan

SEOUL (Reuters) - Kia Motors said on Thursday it is drawing up a contingency plan to cope with the policies of U.S. President Donald Trump, reflecting growing wariness by Asian exporters about the prospect of U.S. protectionism.

governmentFilingsNews reuters.com

UPDATE 1-South Korea's Kia Motors drafts Trump contingency plan

SEOUL, Jan 26 (Reuters) - Kia Motors said on Thursday it is drawing up a contingency plan to cope with the policies of U.S. President Donald Trump, reflecting growing wariness by Asian exporters...

financialsSector reuters.com

Kia dealers in China seek $360 mln compensation in revolt over unsold stock

BEIJING, Jan 17 (Reuters) - A group of over 100 auto dealers in China has said it would consider refusing to sell Kia Motors Corp brand cars unless it receives 2.5 billion yuan ($364 million) in compensation for losses brought about by unsold stock.

marketsNews reuters.com

BRIEF-Kia Motors America says total December U.S sales of 54,353 units versus 54,241 units

* Kia Motors America - total December U.S sales of 54,353 units versus 54,241 units Source text for Eikon: Further company coverage:

businessNews reuters.com

Hyundai, Kia target sales rebound after first fall in 18 years

SEOUL (Reuters) - Hyundai Motor and affiliate Kia Motors on Monday forecast global sales to rebound in 2017 by a stronger-than-expected 5 percent, after posting their first annual sales fall in nearly two decades last year.

cyclicalConsumerGoodsSector reuters.com

Hyundai, Kia global sales fall 2 pct; miss target

SEOUL, Jan 2 (Reuters) - Hyundai Motor and affiliate Kia Motors on Monday said their global sales dropped 2 percent to 7.88 million vehicles in 2016 from the preceding year, falling short of their target of 8.13 million vehicles.

businessNews reuters.com

Kia Motors says plans to sell 3.17 million vehicles globally in 2017

SEOUL (Reuters) - Kia Motors Corp aims to sell 3.17 million vehicles globally in 2017, the South Korean company said on Monday, up slightly from its 2016 goal of 3.12 million.

cyclicalConsumerGoodsSector reuters.com

Kia Motors says plans to sell 3.17 mln vehicles globally in 2017

SEOUL, Jan 2 (Reuters) - Kia Motors Corp aims to sell 3.17 million vehicles globally in 2017, the South Korean company said on Monday, up slightly from its 2016 goal of 3.12 million.

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BRIEF-Kia Motors America says Nov sales of 52,504 units, up 15.3 pct

* November sales of 52,504 units, a 15.3 percent increase over the same period last year Source (http://bit.ly/2gqtnvc) Further company coverage:

governmentFilingsNews reuters.com

UPDATE 2-Hyundai, Kia to pay $41.2 mln to U.S. states over mileage claims

WASHINGTON, Oct 27 (Reuters) - Korean carmakers Hyundai Motor Co and affiliate Kia Motors Corp will pay $41.2 million to resolve an investigation by 33 U.S. states over the their 2012 mileage...

domesticNews reuters.com

Hyundai, Kia to pay $41.2 million to resolve US states' mileage claims

WASHINGTON (Reuters) - Korean carmakers Hyundai Motor Co and affiliate Kia Motors Corp will pay $41.2 million to resolve an investigation by 33 U.S. states over the their 2012 mileage restatements, state attorneys general said on Thursday.

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UPDATE 1-Hyundai, Kia to pay $41.2 mln to resolve US states' mileage claims

WASHINGTON, Oct 27 (Reuters) - Korean carmakers Hyundai Motor Co and affiliate Kia Motors Corp will pay $41.2 million to resolve an investigation by 33 U.S. states over the their 2012 mileage restatements, state attorneys general said on Thursday.

businessNews reuters.com

Hyundai, Kia will pay $41.2 million in resolve state mileage claims

WASHINGTON (Reuters) - Korean carmakers Hyundai Motor Co and affiliate Kia Motors Corp will pay $41.2 million to resolve a long running investigation by 33 U.S. states over the automakers' 2012 mileage restatements, state attorney generals said Thursday.

technologySector reuters.com

BRIEF-Truecar projects July auto sales

* "Kia Motors America may report biggest year-over-year retail sales gain, as it is currently on pace for a 7 percent rise in volume" for July

companyNews reuters.com

UPDATE 1-Kia Motors expected to pick site for first India plant next month -sources

* Kia in talks with three Indian states - sources (Adds details on company strategy, India market)

companyNews reuters.com

S. Korea's Kia Motors expected to pick site for first India plant next month -sources

SEOUL/NEW DELHI, July 22 (Reuters) - South Korea's Kia Motors Corp is expected to pick a site next month for its first factory in India, stepping up plans to start making cars in one of the world's fast-growing auto markets, two people familiar with the matter said.

cyclicalConsumerGoodsSector reuters.com

UPDATE 2-Hyundai Motor's S.Korean union approves strike action

* Union leaders to meet Thursday to decide timing (Add share prices of Hyundai Motor, Kia Motors, analyst comments)

marketsNews reuters.com

CORRECTED-Luxury cars take back seat to Kia in JD Power quality study

June 22 (Reuters) - For the first time in 27 years, a nonluxury brand, Kia Motors, scored tops in the annual initial quality study of new vehicles sold in the United States by J.D. Power, the...

cyclicalConsumerGoodsSector reuters.com

Luxury cars take back seat to Kia in JD Power quality study

June 22 (Reuters) - For the first time in 27 years, a nonluxury brand, Kia Motors, scored tops in the annual initial quality study of new vehicles sold in the United States by J.D. Power, the business consultancy said.

worldNews reuters.com

Three workers injured in accident at Kia plant in Mexico

MONTERREY (Reuters) - Three workers were injured at a new Kia Motors factory in northern Mexico on Saturday, after one fell into a sewer ditch and two others attempted a rescue but were also hurt, the head of emergency services said.

businessNews reuters.com

Explosion reported at Kia plant in Mexico, at least three injured

MONTERREY (Reuters) - An explosion struck a Kia Motors factory in northern Mexico on Saturday, injuring at least three workers after an accumulation of gas ignited, a local emergency services official told Reuters.

mergersNews reuters.com

Korean carmakers battle Avtovaz for pole position in Russia

MOSCOW/SEOUL, June 17 (Reuters) - South Korea's Hyundai Motor and its affiliate Kia Motors are using the decline of Russia's car industry to boost market share, turning the screw on Renault-Nissan's...

cyclicalConsumerGoodsSector reuters.com

UPDATE 1-Mexico state govt reaches deal with Kia to cut tax breaks

MONTERREY, June 8 (Reuters) - The governor of the Mexican state of Nuevo Leon, Jaime Rodriguez, on Wednesday said that officials had reached a deal with Korean carmaker Kia Motors to cut the tax breaks it would receive after building its first Mexican plant in the state.

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RPT-Mexico state govt reaches deal with Kia to cut tax breaks

MONTERREY, June 8 (Reuters) - The governor of the Mexican state of Nuevo Leon, Jaime Rodriguez, on Wednesday said that officials had reached a deal with Korean carmaker Kia Motors to cut the tax breaks it would receive after building its first Mexican plant in the state.

technologySector reuters.com

BRIEF-Kia Motors expands partnership with University of California, Irvine

* Expanding partnership with university of California, Irvine to develop vehicle-to-grid advanced smart charging software algorithms Source text for Eikon: Further company coverage: (Bengaluru Newsroom: +1-646-223-8780)

companyNews reuters.com

BRIEF-Kia Motors America says May sales of 62,926 units

* Kia Motors America Says May Sales Of 62,926 Units Versus 62,433 Units Last Year Source (http://bit.ly/1XgX9T0) Further company coverage:

businessNews reuters.com

Exclusive: Hyundai to make low-cost SUVs to battle Chinese rivals - sources

SEOUL (Reuters) - Hyundai Motor and affiliate Kia Motors plan to launch three low-cost sport utility vehicles (SUVs) in China, their biggest market, from next year, people with knowledge of the plans told Reuters.

businessNews reuters.com

Mexican state government eyes deal with Kia to end plant dispute

MEXICO CITY (Reuters) - A Mexican state government said on Monday it could reach a deal with Kia Motors in "the coming days" in a dispute over the terms surrounding the opening of the South Korean carmaker's first plant in the country.

companyNews reuters.com

BRIEF-Kia Motors America -March sales of 58,279 vehicles, down 0.8 percent

* March sales of 58,279 vehicles, a 0.8 percent decrease from last year Source - http://bit.ly/1RRw2Mc Further company coverage: (Bengaluru Newsroom; +1 646 223 8780)

companyNews reuters.com

UPDATE 1-Kia Motors to start Mexico output in first half of year as scheduled

SEOUL/MEXICO CITY, March 30 (Reuters) - Kia Motors expects to start production at its first Mexico factory in the first half of the year as planned, although the local government says the investment deal with the South Korean company is not legal and requires serious changes.

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Kia Motors says to start Mexico output in first-half as scheduled

SEOUL, March 30 (Reuters) - Kia Motors expects to start production at its first Mexico factory in the first half of this year as planned, despite local government calls for a change to an investment deal reached with the South Korean company.

marketsNews reuters.com

Kia Motors aims to sell 40,000 Niro hybrid SUVs this year

SEOUL, March 29 (Reuters) - Kia Motors said on Tuesday it aims to sell 40,000 Niro hybrid crossovers in South Korea and overseas this year as the South Korean automaker seeks to meet tough emissions...

businessNews reuters.com

Kia eyes steady sales, increased market share in Russia

MOSCOW (Reuters) - Kia Motors plans to maintain sales in Russia this year and build on its position as the country's third-largest carmaker by increasing share of the ailing market, the company's Russian managing director told Reuters.

cyclicalConsumerGoodsSector reuters.com

Hyundai Steel says Hyundai Motor, Kia Motors sold shares in firm

SEOUL, Feb 5 (Reuters) - South Korea's Hyundai Steel Co said on Friday that Hyundai Motor Co and Kia Motors sold shares in the company, following an order from the local regulator to reduce their respective stakes in the steelmaker.

companyNews reuters.com

Kia plans first sports sedan next year as it seeks younger, more hip image

SEOUL, Feb 3 (Reuters) - Kia Motors plans to start production of its first sports sedan in May 2017, people familiar with the matter told Reuters, seeking to burnish a sporty, younger image as larger sibling Hyundai Motor builds up its premium offerings.

businessNews reuters.com

Exclusive: Hyundai plans to shift some small car output to Mexico next year - sources

SEOUL (Reuters) - Hyundai Motor Co is planning to build the new version of its Accent small car at a Mexican plant owned by sister company Kia Motors next year, two people familiar with the matter said, shifting some output of the low-margin vehicle out of high-cost South Korea.

industrialsSector us.feedsportal.com

Hyundai Motor, Kia Motors both miss 2015 auto sales targets

SEOUL, Jan 4 (Reuters) - South Korea's Hyundai Motor Co said on Monday that its 2015 global vehicle sales were unchanged from the previous year at 4.96 million vehicles, leaving it short of its sales goal of 5.05 million for the 12 months.

cyclicalConsumerGoodsSector reuters.com

Hyundai, Kia set 2016 sales target at 8.13 mln vehicles

SEOUL, Jan 4 (Reuters) - Hyundai Motor and affiliate Kia Motors aim to sell 8.13 million vehicles globally in 2016, the South Korean duo said in a statement.

hotStocksNews reuters.com

UPDATE 2-Hyundai Motor, Kia Motors ordered to cut stakes in steel affiliate

* Hyundai Steel shares skid 6 pct (Add comments from Hyundai, FTC official, closing share price of Hyundai Steel)

basicMaterialsSector reuters.com

UPDATE 1-Hyundai Motor, Kia Motors ordered to cut stakes in steel affiliate

* Hyundai Steel shares skid 6 pct (Add FTC statement, background)

innovationNews reuters.com

Kia Motors, Hyundai Motor to buy $600 million stake in Hyundai Capital from GE

SEOUL (Reuters) - Hyundai Motor and Kia Motors will buy a 23.3 percent stake in auto financing affiliate Hyundai Capital from General Electric for 703 billion won ($600.8 million), the automakers...

industrialsSector us.feedsportal.com

Kia Motors, Hyundai Motor to buy $600 mln stake in Hyundai Capital from GE

SEOUL, Dec 22 (Reuters) - Hyundai Motor and Kia Motors will buy a 23.3 percent stake in auto financing affiliate Hyundai Capital from General Electric for 703 billion won ($600.8 million), the automakers said on Tuesday.

innovationNews reuters.com

GE to sell part of stake in South Korean JV to Hyundai Motor, Kia Motors: Yonhap

SEOUL (Reuters) - General Electric Co on Tuesday plans to sign a deal to sell a 23 percent stake in South Korean auto finance firm Hyundai Capital to the latter's majority owner, Hyundai Motor , and...

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Hyundai replaces China executives after sales slump

SEOUL (Reuters) - Hyundai Motor Co and sister firm Kia Motors Corp replaced three China executives, the South Korean carmaker said on Tuesday, after sales skidded in the country, the group's largest market.

businessNews reuters.com

South Korean car makers score strongly in U.S. quality study

DETROIT (Reuters) - South Korean auto brands Hyundai Motor Co and Kia Motors Corp took top marks in a U.S. survey of new vehicle quality, besting Japanese rivals whose scores fell below the industry average for first time in 29 years.

companyNews reuters.com

UPDATE 2-Kia Motors expects global sales to reach 3.1 mln units in 2015

MEXICO CITY, June 9 (Reuters) - South Korea-based Kia Motors Corp expects to sell 3.1 million vehicles in 2015, the company's Chief Operating Officer Tae-Huyn Oh said in Mexico on Tuesday.

cyclicalConsumerGoodsSector reuters.com

UPDATE 1-Kia Motors expects global sales to reach 3.1 mln units in 2015

MEXICO CITY, June 9 (Reuters) - South Korea-based Kia Motors Corp expects to sell 3.1 million vehicles in 2015, the company's Chief Operating Officer Tae-Huyn Oh said in Mexico on Tuesday.

companyNews reuters.com

Hyundai, Kia replace two overseas execs after Q1 sales falter

SEOUL, April 8 (Reuters) - Hyundai Motor and its affiliate Kia Motors have replaced two senior overseas executives, the parent group said on Wednesday, after the South Korean automakers posted lacklustre first-quarter global sales.

companyNews reuters.com

Kia recalls almost 209,000 compact cars in U.S. for accelerator issue

DETROIT, March 13 (Reuters) - Kia Motors Corp is recalling almost 209,000 Soul compact cars in the United States because the accelerator pedal may bend or break, according to documents filed with U.S. safety regulators.

companyNews reuters.com

Kia Motors says to start selling cars in Mexico in July

SEOUL, March 10 (Reuters) - South Korea's Kia Motors will begin selling cars in Mexico in July, tapping a growing market before it commences production at its first plant there next year.

technologySector reuters.com

BRIEF-TomTom announces deal with Kia Motors Europe

* Announces a new deal with Kia Motors Europe to integrate its state-of-art connected services in new Kia cars Source text for Eikon: Further company coverage:

companyNews reuters.com

Kia Motors recalls nearly 87,000 Forte sedans in U.S. due to fire risk

WASHINGTON, Jan 24 (Reuters) - Kia Motors is recalling 86,880 Forte sedans in the United States because a cooling fan resistor may overheat and melt, increasing the risk of a fire, according to documents filed by U.S. auto safety regulators.

cyclicalConsumerGoodsSector reuters.com

UPDATE 1-Korea's Kia Motors Q4 net profit dives 54 pct as rouble weighs

SEOUL, Jan 23 (Reuters) - South Korea's Kia Motors Corp posted a 54 percent fall in quarterly net profit on Thursday, missing analyst estimates, as a plunge in the rouble pulled down income earned in Russia where Hyundai-Kia rank second.

cyclicalConsumerGoodsSector reuters.com

Kia Motors Q4 net profit 436 bln won vs 794 bln analyst view

SEOUL, Jan 23 (Reuters) - South Korea's Kia Motors Corp posted a 54 percent fall in quarterly net profit on Thursday, missing analyst estimates, as a plunge in the rouble pulled down income earned in Russia where Hyundai-Kia rank second.

companyNews reuters.com

Hyundai Motor sees currency risks persisting in Russia, emerging markets

SEOUL, Jan 22 (Reuters) - Hyundai Motor Co, the world's fifth-biggest automaker when paired with Kia Motors Corp , expects currency risks to persist in Russia and other emerging markets this year, its president Lee Won-hee said on Thursday.

cyclicalConsumerGoodsSector reuters.com

Kia Motors CEO says needs India car factory-report

SEOUL, Jan 22 (Reuters) - Kia Motors needs to set up a factory in India to tap growth there and offset slowing sales in Russia and China, the Dong-A Ilbo newspaper quoted the South Korean automaker's chief executive as saying.

businessNews reuters.com

Hyundai-Kia see 2015 sales growth weakest in 12 years

SEOUL (Reuters) - Hyundai Motor Co and affiliate Kia Motors Corp forecast sales this year to grow at the slowest pace since 2003, hampered by capacity constraints and a weaker yen that is likely to give Japanese rivals an edge in key markets.

businessNews reuters.com

Hyundai-Kia sees slowest sales growth in 12 years in 2015

SEOUL (Reuters) - Hyundai Motor Co and affiliate Kia Motors Corp aim to lift global vehicle sales by 2.5 percent in 2015, as capacity constraints and a weak market recovery set up the South Korean pair for their slowest expansion in 12 years.

companyNews reuters.com

Hyundai, Kia target 2.5 pct rise in global vehicle sales in 2015

SEOUL, Jan 2 (Reuters) - South Korean automaker Hyundai Motor Co and affiliate Kia Motors Corp aim to boost global sales by 2.5 percent this year to a combined 8.2 million vehicles, group chairman Chung Mong-koo said on Friday.

businessNews reuters.com

Hyundai Motor promotes younger executives, with eye on succession planning

SEOUL (Reuters) - Hyundai Motor and affiliate Kia Motors promoted younger executives on Friday, in moves analysts said would help smoothen an eventual leadership succession at the family-owned conglomerate.

cyclicalConsumerGoodsSector reuters.com

Hyundai Motor promotes younger execs, with eye on succession planning

SEOUL, Dec 26 (Reuters) - Hyundai Motor and affiliate Kia Motors promoted younger executives on Friday, in moves analysts said would help smoothen an eventual leadership succession at the family-owned conglomerate.

cyclicalConsumerGoodsSector reuters.com

UPDATE 1-Hyundai Motor, Kia Motors lift 2014 global sales target on China, emerging markets

* U.S. sales likely to miss target - analyst (Add details on where increase is likely to come from)

cyclicalConsumerGoodsSector reuters.com

Hyundai Motor, Kia Motors lift 2014 global sales target to 8 mln vehicles

SEOUL, Nov 24 (Reuters) - Hyundai Motor and Kia Motors on Monday raised their target for 2014 global sales to at least 8 million vehicles on a better-than-expected performance in emerging markets and China.

environmentNews reuters.com

Hyundai, Kia to triple range of green cars by 2020

SEOUL (Reuters) - Hyundai Motor Co and affiliate Kia Motors Corp plan to triple their number of fuel-efficient cars by 2020, addressing concerns about the pair's green track record and competitiveness in fuel economy.

cyclicalConsumerGoodsSector reuters.com

Hyundai, Kia say to triple range of eco-friendly vehicles by 2020

SEOUL, Nov 12 (Reuters) - Hyundai Motor Co and Kia Motors Corp said on Wednesday they plan to more than triple their range of environmentally friendly vehicles by 2020.

businessNews reuters.com

Hyundai, Kia unveil share buybacks after anger over property purchase

SEOUL (Reuters) - Hyundai Motor Co and affiliate Kia Motors unveiled share buybacks worth a combined 670 billion won ($615 million), in an apparent bid to appease investors angered by the sky-high price paid for property to house new headquarters.

cyclicalConsumerGoodsSector reuters.com

UPDATE 1-Hyundai Motor, Kia Motors aim to raise fuel economy by 25 pct by 2020

SEOUL, Nov 6 (Reuters) - Hyundai Motor and its affiliate Kia Motors said on Thursday they aim to raise the average fuel economy of their vehicles by 25 percent by 2020 to meet emissions regulations in South Korea, the United States and Europe.

businessNews reuters.com

Hyundai Motor, Kia Motors aim to raise fuel economy by 25 percent by 2020

SEOUL (Reuters) - Hyundai Motor and its affiliate Kia Motors said on Thursday they aim to lift the average fuel economy of their vehicles by 25 percent by 2020 to meet emissions regulations in the United States and Europe.

cyclicalConsumerGoodsSector reuters.com

Hyundai Motor, Kia Motors aim to raise fuel economy by 25 pct by 2020

SEOUL, Nov 6 (Reuters) - Hyundai Motor and its affiliate Kia Motors said on Thursday they aim to lift the average fuel economy of their vehicles by 25 percent by 2020 to meet emissions regulations in the United States and Europe.

companyNews reuters.com

UPDATE 6-Hyundai, Kia in record settlement with U.S. for overstating mileage

WASHINGTON/DETROIT, Nov 4 (Reuters) - Korean carmakers Hyundai Motor Co and affiliate Kia Motors Corp will pay $350 million in penalties to the U.S. government for overstating fuel economy ratings in what officials said on Monday was the biggest settlement of its kind.

governmentFilingsNews reuters.com

REFILE-UPDATE 5-Hyundai, Kia in record settlement with U.S. for overstating mileage

WASHINGTON/DETROIT, Nov 3 (Reuters) - Korean carmakers Hyundai Motor Co and affiliate Kia Motors Corp will pay $350 million in penalties to the U.S. government for overstating fuel economy ratings...

companyNews reuters.com

CORRECTED-UPDATE 4-Hyundai, Kia in record settlement with U.S. for overstating mileage

WASHINGTON/DETROIT, Nov 3 (Reuters) - Korean carmakers Hyundai Motor Co and affiliate Kia Motors Corp will pay $350 million in penalties to the U.S. government for overstating vehicles' fuel economy ratings in what officials said on Monday was the biggest settlement of its kind.

topNews reuters.com

Hyundai, Kia in record settlement with U.S. for overstating mileage

WASHINGTON/DETROIT (Reuters) - Hyundai Motor Co and affiliate Kia Motors Corp will pay a $100 million penalty for selling cars with worse fuel economy than the companies had claimed in what U.S. authorities termed the largest such accord to date.

companyNews reuters.com

UPDATE 3-Hyundai, Kia in record settlement with US for overstating mileage

WASHINGTON/DETROIT, Nov 3 (Reuters) - Hyundai Motor Co and affiliate Kia Motors Corp will pay a $100 million penalty for selling cars with worse fuel economy than the companies had claimed in what U.S. authorities termed the largest such accord to date.

companyNews reuters.com

Hyundai, Kia to pay $100 mln for overstating fuel economy ratings

WASHINGTON/DETROIT, Nov 3 (Reuters) - Hyundai Motor Co and its affiliate Kia Motors Corp will pay a $100 million penalty for selling cars with lower fuel economy than the companies had claimed in what U.S. authorities said on Monday was the largest such accord to date.

financialsSector reuters.com

Fitch: Land Purchase by Hyundai Motor, Kia to Have Limited Rating Impact

(The following statement was released by the rating agency) SEOUL, September 19 (Fitch) Hyundai Motor Group's planned KRW10.55trn (USD10.1bn) acquisition of land in Seoul for its headquarters is likely to have only a limited impact on the ratings of Hyundai Motor Company (HMC; BBB+/Stable) and Kia Motors Corporation (Kia; BBB+/Stable), Fitch Ratings says. Fitch believe HMC and Kia's credit profiles will remain in line with their current rating levels after the acquisition even though the gr

cyclicalConsumerGoodsSector reuters.com

S.Korean shares dragged down by Hyundai; won falls on U.S. rate view

* Hyundai Motor shares battered after $10 bln land bid * Won lower as dollar broadly up on Fed rate projections By Joonhee Yu SEOUL, Sept 18 (Reuters) - South Korean shares fell on Thursday, pressured by sharp declines in Hyundai Motor and the group's affiliated units after the automaker won a bid for a pricey land plot in Seoul. A consortium of Hyundai Motor Co, Kia Motors and Hyundai Mobis Co placed a 10.55 trillion won ($10.14 billion) winning bid for a land plot occupied b

cyclicalConsumerGoodsSector reuters.com

Kia Motors says targets 270,000 new Sorento sales next year

SEOUL, Aug 28 (Reuters) - Kia Motors said on Thursday that it aims to sell 270,000 new Sorento sport utility vehicles (SUVs) globally next year, seeking to maintain its momentum in the United States and other key markets.

cyclicalConsumerGoodsSector reuters.com

S. Korea's Hyundai Mobis to build $129 mln car lamp plant in Czech Republic

SEOUL, July 27 (Reuters) - South Korea's Hyundai Mobis Co Ltd on Sunday said it will build a 95.65 million euro ($129 million) factory in the Czech Republic to make car lamps for the local operations of compatriots Hyundai Motor Co and Kia Motors Corp.

companyNews reuters.com

UPDATE 1-Kia in talks to open $1.5 bln Mexico plant -local government

MEXICO CITY, July 22 (Reuters) - South Korean automaker Kia Motors Corp is in talks with Mexico to open a new, $1.5 billion auto plant, officials of the northern state of Nuevo Leon said on Tuesday.

companyNews reuters.com

Kia in talks to open $1.5 bln Mexico plant - local government

MEXICO CITY, July 22 (Reuters) - South Korean automaker Kia Motors Corp is in talks with Mexico to open a new auto plant worth at least $1.5 billion, officials from Nuevo Leon's state government said on Tuesday.

cyclicalConsumerGoodsSector reuters.com

Kia Motors supplier says new Optima sedan could be launched in 2015

SEOUL, June 10 (Reuters) - South Korean automaker Kia Motors may launch the revamped version of its popular mid-sized Optima sedan in the second half of next year, after a small company said it had won a contract to supply parts for the vehicle from June 2015.

companyNews reuters.com

UPDATE 1-South Korea's Kia Motors plans first plant in Mexico-sources

* Needs 21 months to start production after groundbreaking - source

companyNews reuters.com

Kia Motors soon to break ground on new Mexico plant- sources

SEOUL, June 2 (Reuters) - South Korean automaker Kia Motors plans soon to break ground on a factory in Mexico, two sources familiar with the matter told Reuters on Monday, as it grapples with capacity constraints at its U.S. factory.

companyNews reuters.com

Kia Motors targets 40,000 sales of new Carnival minivans in Korea next year - exec

SEOUL, May 22 (Reuters) - South Korean automaker Kia Motors aims to sell 40,000 of its redesigned Carnival minivans in its home market next year, an executive said on Thursday, capitalising on the country's growing demand for minivans.